Larry Aidem, after more than three years at the helm of indie movie-streaming service Fandor, is departing to serve as managing partner of Reverb Advisors, a boutique technology investment and consulting firm.

Aidem will continue to serve on Fandor’s board. The company has not named a replacement CEO for Aidem, who informed staff Monday that he would be leaving. While at Fandor, Aidem expanded the company’s distribution footprint; inked new licensing deals for its 4,000-title subscription VOD offering; and launched an ad-supported short-form content business.

“As he transitions to his new position, we want to acknowledge Larry’s contributions to Fandor over the past three and a half years as CEO and to thank him for all that he has done,“ Fandor chairman Chris Kelly said in a statement. ”Larry is continuing to contribute to Fandor’s growth strategy on Fandor’s board of directors as we expand our service beyond the current users and members for whom we are already a source of quality curated entertainment.”

At Boston-based Reverb Advisors, Aidem will work to identify and develop new clients for the company as co-founders and partners Chris Lynch and Cort Johnson take a leave of absence to run AtScale, a data-federation and analytics startup based in San Mateo, Calif. Reverb provides operational guidance and fundraising advisory to data-science, cybersecurity and enterprise-technology companies — and, increasingly, will be looking at content-oriented startups.

“No one would call me a data scientist,” Aidem said. “But where we see great opportunity is with creators, more often than not tied to either pop culture or music, who want to reach a much bigger audience and don’t have knowledge of the [entertainment] ecosystem from whence I come.”

Aidem, who will formally depart Fandor at the end of September, said his move also was “about stepping off the CEO elevator. I love the idea of being an adviser to and collaborator with other CEOs rather than being one.” He has split his time roughly 50-50 between New York and San Francisco as Fandor’s CEO; in working for Reverb, he’ll remain based in NYC.

Reverb’s Lynch first met Aidem while serving on the board of RayV, an early player in over-the-top streaming video where Aidem was CEO. Aidem later served as a strategic adviser to Azuki Systems, a multiplatform video-delivery vendor acquired by Ericsson in 2014.

“Larry and I share a passion for helping entrepreneurs build companies in the sweet spot where tech and entertainment converge,” Lynch said. “There’s an opportunity for a new generation of content, democratized through new technology platforms.”

Prior to joining Fandor, Aidem was co-founder, president and CEO of IconicTV, which launched YouTube-funded premium digital channels including Jay Z’s Life+Times and Potato, an electronic dance music channel from Skrillex, Diplo and A-Trak. Before that, he spent nearly 11 years as president and CEO of Sundance Channel and held senior positions at Showtime Networks, HBO, and MCA/Universal.

Aidem currently is a member of the supervisory board of Germany’s ProSiebenSat.1, one of the largest broadcasters in Europe. He holds a bachelor’s degree in communications and political science from Stanford University and an MBA from Harvard Business School.

Sign Up for Daily Insider Newsletter

In an unusual move, Entertainment One plans to share TV pilot scripts for two Wattpad stories it’s adapting as series with the most passionate fans of the original tales — bringing them into the development process. Under its partnership with Wattpad, the Toronto-based production and media company is developing shows based on dystopian drama “The [...]

Facebook faced growing criticism this week over its decision not to remove a video that was doctored to suggest that House Speaker Nancy Pelosi was intoxicated during a recent public event. The video, which has been viewed more than 2.5 million times, had been slowed down notably, giving the impression that Pelosi was slurring her [...]

To promote next month’s premiere of “Black Mirror” season 5, Netflix is launching a short video series — “Little Black Mirror,” with a cast that includes an ensemble of Latinx social-media stars. The three “mini-stories,” aimed at Spanish-speaking audiences, are inspired by the tech-dystopian universe of Charlie Brooker and Annabel Jones’ anthology series. “Little Black [...]

Twitter permanently suspended the accounts of Ed and Brian Krassenstein — progressive political activists famous for trolling Donald Trump and his supporters — with the company alleging the brothers used bogus accounts to amplify their reach on the platform. “The Twitter Rules apply to everyone,” a Twitter rep said in a statement. “Operating multiple fake [...]

Snap wants to up Snapchat’s music game. The company has been in negotiations with music companies including the big three — Sony Music Entertainment, Universal Music Group and Warner Music Group — to license song catalogs for the Snapchat app, according to two industry sources familiar with the talks, confirming a Wall Street Journal report. [...]

T-Mobile is getting ready to raise prices for subscribers who have taken advantage of its “Netflix On Us” promotion: The mobile carrier will begin charging existing customers who have participated in the promotion an additional $2 per month to account for Netflix’s recent price increase. Consumers will see their bill go up starting on 6/2. [...]

Snap continues to fill out the ranks of its revamped leadership team: The Snapchat parent tapped Oona King, most recently Google’s director of diversity strategy and a former member of British Parliament with the Labour Party, as its first VP of diversity and inclusion. King, who starts at Snap on June 11, is also the [...]